Sing Holdings

[bargainhunter]

My guess is that Sing Holdings is likely to rope in a construction partner as a Joint Venture (helps to reduce construction cost post covid-19) if it is awarded Yishun Avenue 9 EC site.

https://www2.colliers.com/en-sg/news/202...-9-results

Extract from the above online article:

The Yishun Avenue 9 EC site received seven bids, in line with our expectations and consistent with the 7-9 bids for the last six EC site tenders since the cooling measures in July 2018.

The top bid of S$373.5 million, or [b]S$576 psf ppr[/b], was submitted by Sing Holdings, pipping the second-placed Maximus Residential Pte Ltd (JV between CDL and MCL) by 8.9%.

Looks like Sing Holdings will be making decent profits from the North Gaia EC which they will be launching in April.  There are only 20 EC units left in 2 projects in Singapore and there's a good probability that they can sell their EC at >1200psf average since this is currently the cheapest plot of land in Singapore and nobody has any units to sell at < 1200psf once the last few units of the 2 ECs are cleared.